At its FinDEVr Silicon Valley debut this fall, digital authentication specialist NuData demonstrated how its technology, NuDetect, enabled verification using a combination of behavioral biometrics identification and analytics, device location, and entity linking. “(NuDetect) continuously verifies a user’s online identity based upon analyzing the user’s natural interactions,” Robert Capps, VP of Business Development of NuData, explained from the FinDEVr stage. “These are behaviors that can’t be stolen, replayed, or reused – and so they aren’t subject to data breach.”

The technology enables FIs to both separate good users from bad with a high degree of accuracy, while providing “actionable intelligence on interaction risk,” Capps added. And once a company is able to tell good users from bad, he said, “all the other technological attacks that are available, such as identity theft, account takeover, new account fraud … become very easy to deal within this framework.”

It turns out this was precisely the kind of solution sought by Arvato Financial Solutions, which announced a partnership with NuData this week. With 7,000 employees working in 22 countries in Europe, Asia, and the Americas, Arvato Financial Solutions will leverage NuData’s technology to “stop fraud, prevent attacks, and continuously verify good users,” said Arvato Financial Solutions President of Risk Management, Frank Schlein. He praised NuData’s integration of authentication technologies such as passive biometrics and device fingerprinting, and the Canadian company’s “specific European market insight as well as local data protection known-how.” Arvato Financial Solutions is a part of the German multinational media giant, Bertelsmann SE & Co, as a subsidiary of Arvato.

Pictured: Robert Capps, VP of Business Development of NuData, during his presentation, “NuDetect: It’s All About Trust” at FinDEVr Silicon Valley 2016.

NuData Security CEO Michel Giasson referred to Arvato as a “best-in-class partner” and highlighted the ability of technology like NuDetect to help companies defend themselves and their customers against cybercrime. “Fraudulent online behavior can send ripples through organizations, directly impact the bottom line and disgruntled customers could damage the brand image,” Giasson said.

NuData Security will be demonstrating its flagship product NuDetect – a behavioral biometrics platform that monitors behavioral interactions. The platform accurately verifies identity based on unconscious natural behaviors in real-time. It can detect most forms of account-based, automated, anomalous, and fraudulent online behavior even when valid credentials are presented.

Why it’s a must-see
See how to verify users in real-time before a transaction even when the correct credentials are presented, identify higher risk activities, and leverage an extensive behavioral network. Behavioral biometrics offers financial institutions the balance between real security and a great customer experience. NuData supports new account creation, ATO, and automation use cases.